Newmont Corporation · NYSE:NEM
Newmont — Newmont Mining — 2007 Denver Gold Forum
17 slides from Newmont's conference presentation, Sep 26, 2007
Slide 1: 2007 Denver Gold Forum
2007 Denver Gold Forum September 26, 2007 Exhibit 99.1
Slide 2: Focusing on Our Core Gold Business
Focusing on Our Core Gold Business The Foundation The World’s Premier Unhedged Gold Producer Maintaining Our Financial Strength and Flexibility Rebuilding the Gold Company of Choice Refocused on Operational Planning and Performance Disciplined Project Execution Fresh Approach to Exploration and Deve
Slide 3: Strategic Foundation and Execution Priorities
Strategic Foundation Operational Execution Project Execution Exploration & Development Financial Strength & Flexibility Leverage, Scope & Scale 100% Unhedged Strong Balance Sheet Monetizing Non- Core Assets Boddington Yanacocha Conga Akyem Leeville Phoenix Ahafo Boddington Nevada Power Plant Yanacoc
Slide 4: Operational Execution – Leeville
Operational Execution – Leeville Leeville Turf Full Production of 3,200 tons/day on Schedule for Q4 2007 Steady-State Producer of ~400,000 Ounces Annually 2006 Reserves of 2.4 Million Ounces at a Grade of 0.40 ounces/ton Exploration Upside – Turf Deposit - Defined by 26 surface holes - Current under
Slide 5: Operational Execution – Phoenix
Operational Execution – Phoenix Blasting Modifications Implemented with Improved Results Overall Plant Availability Above 90% Re-drilling Program in Progress - On schedule for Q1 2008 completion - ~40 of 180 holes drilled to date Revised Mine Model Expected in Mid 2008 Crusher Replacement on Schedul
Slide 6: Operational Execution – Ahafo
Operational Execution – Ahafo Improved Operating Performance - Mill throughput and recoveries on target - Ore grades higher than planned Power Plant (25% Newmont) - 80 mega-watt plant completed and operating - Proportionate power shedding agreement with government Lake Volta and Akosombo Dam - Water
Slide 7: Project Execution – Boddington
Project Execution – Boddington Equity Gold and Copper Reserves of 9.1 Million Ounces and 840 Million Pounds, Respectively Stable, Long-Term Production at Competitive Operating Costs Approximately 48% Complete Equity Project Costs on Target: $0.9 - $1.1 Billion On Schedule for Late 2008 or Early 2009
Slide 8: Project Execution – Nevada Power Plant
Nevada Coal Fired Power Plant Stack Coal Supply Steam Line Turbine Generator Switchyard Project Execution – Nevada Power Plant Approximately 80% Complete Expected to Reduce Nevada Costs Applicable to Sales by ~$25/ounce On Schedule for Commercial Operation in Q3 2008 Project Costs on Target: $620 -
Slide 9: Project Execution – Yanacocha Gold Mill
Project Execution – Yanacocha Gold Mill Approximately 78% Complete Extends the Operating Life of Yanacocha - Improved recoveries - Ability to treat more complex ores Project Costs on Target: $250 - $270 Million On Schedule for Completion in Mid-2008 Yanacocha Gold Mill Yanacocha Gold Mill
Slide 10: Newmont's 2007 Exploration Budget
Exploration & Development Newmont’s 2007 Exploration Budget
Slide 11: Reserves Added by Exploration
Exploration & Development 75.5 64.8 55.5 46.9 41.4 11.4 26.5 36.9 46.3 52.4 86.9 91.3 92.4 93.2 93.9 2002 2003 2004 2005 2006 Reserves Added by Exploration Over 52 Million Reserve Ounces Replaced Since 2002 for Approximately $14/Ounce
Slide 12: Geographic Distribution of Current Gold Reserves
Geographic Distribution of Current Gold Reserves Exploration & Development Source: Wall Street Research Brazil Argentina Australia Mexico Peru Ghana NEM Chile Global Median Global average PNG US Russia Western Australia China Mali Canada Tanzania South Africa Deposit size (mm tonnes of ore in 2P res
Slide 13: Boddington
Exploration & Development – Boddington Developing of One of the World’s Largest Undeveloped Ore Bodies - 2006 equity reserves of 9.1 million ounces - Potential Non-Reserve Mineralization of 0.5 billion tons at 0.6 grams/ton
Slide 14: Yanacocha Sulfides
Exploration & Development – Yanacocha Sulfides 500m Chaquicocha Sulfide Project Modeled Sulfide Material Ultimate Oxide Pit Chaquicocha Sulfide Project - Target is 15 million tons at grades of 6 grams/ton gold and 0.3% copper - Represents the next generation at Yanacocha - Drilling, updated geology
Slide 15: Prospects: Conga and Akyem
Exploration & Development – Prospects Conga - Peru - Equity gold and copper reserves of 6.1 million ounces and 1.7 billion pounds, respectively - Commenced engineering, community, external affairs and permitting efforts - Continue optimization through stage-gate process - Development decision expect
Slide 16: Financial Strength & Flexibility
Financial Strength & Flexibility Elimination of Gold Hedge Book in June 2007 $1.15 Billion Convertible Debt Issue in July 2007 Merchant Banking Asset Monetization - Sale of royalty portfolio on schedule - Opportunity to monetize non-core marketable securities portfolio - Redeploy proceeds to core go
Slide 17: Accountability, Focus, Decisiveness and Execution
Accountability, Focus, Decisiveness and Execution The Foundation The World’s Premier Unhedged Gold Producer Focusing on Core Gold Business Maintaining Our Financial Strength and Flexibility Rebuilding the Gold Company of Choice Refocused on Operational Planning and Performance Disciplined Project Ex